Will young adults sign up for health insurance as required by Obamacare? If the young and healthy don’t get health insurance and pay premiums, the Obamcare plan for every American to have health insurance will fail.
According to a poll conducted by the Commonwealth Fund, 82% of young adults who are currently uninsured will be eligible for federal subsidies to pay their health insurance premiums. That’s good news.
The bad news is that only 19% of those surveyed, who said they were uninsured and had moderate income, knew about Obamacare and how it will work for them.,
The Commonwealth Fund surveyed 1,885 people between the ages of 19 and 29. 67% said they had health insurance through their employer. Among the the rest of the survey respondents 54% said they got coverage through their parents or a spouse/partner. 5% said they didn’t need health insurance because they did not expect to need medical care. And 22% said they could not afford the cost of health insurance.
It’s this last group that needs to be reached and educated about the help they will get to pay their health insurance premiums. A single person making less than $45,960 per year will get premium help. I wonder how many 29-year olds in Arizona who work for themselves (or a small company) earn more than $46,000? My guess is “not many”.
A couple with two kids will get help if their income is less than $94,200 per year, no matter what their age. And their subsidy will be higher the older they are because their insurance premium will be higher.
I was in an Office Max store recently making copies of the federal poverty level guidelines. As I checked out, the young man working the cash register was very interested about whether or not he would get help from Obamacare. He said he is a part-time student and part-time employee at Office Max. He quickly saw that he might qualify for Medicaid (AHCCCS in Arizona) or a big subsidy based on his very limited income. I think he will sign up for Obamacare.
This graph shows who will get help with their health insurance premiums based on their income and the size of their family. People making less than 133% of federal poverty level will get AHCCCS in Arizona because the governor is accepting federal money to expand medicaid here.